$9,380 Closing Credit*
$789,900
4 Beds
•3 Full Baths
Listing Office: FALLIVENE AGENCY INC.
Is East Hanover, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, East Hanover has remained a Seller's Market.
Key Takeaway
East Hanover is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Hanover, NJ
How much do homes in East Hanover, NJ cost?
Median Sold Price
$760,500
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$130,500(+20.7%)
Key Takeaway
Homes in East Hanover have sold for 20.7% more than they did a year ago.
Summary: The median home sold price in East Hanover was $760,500 in October 2024, up 20.7% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $332.5K | +269.4% |
| 2 Bedrooms | $530K | $444.5K | -16.1% |
| 3 Bedrooms | $616K | $650K | +5.5% |
| 4 Bedrooms | $725.5K | $827.5K | +14.1% |
| 5+ Bedrooms | $985K | $996.5K | +1.2% |
Summary: East Hanover housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 269.4%, 2 bedroom homes decreased by 16.1%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
| East Hanover | $630K | $760.5K | +20.7% |
| East Hanover Township | $630K | $760.5K | +20.7% |
| Livingston Township | $880K | $998K | +13.4% |
| Livingston | $883.6K | $998K | +12.9% |
| Hanover Township | $580K | $650K | +12.1% |
Housing Supply in East Hanover, NJ
How many homes are available in East Hanover, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Summary: The East Hanover real estate market had 23 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The East Hanover housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Hanover, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in East Hanover in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for East Hanover, NJ
We’re sorry, we don't have information for this market at the moment
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